The ongoing bear trend in the crypto market has led to a downward spiral in the prices of cryptocurrencies. In such a scenario, it is only natural to wonder if Bitcoin will be a good investment in 2019.While there are many cryptocurrencies that can surpass Bitcoin, yet one mustn’t forget that the world’s pioneering digital currency, Bitcoin, still has the largest share of market capitalization.
Plus500 is a regulated CFD broker where you can trade a wide variety of different cryptocurrencies including Bitcoin, Ethereum, EOS, and more. Plus500 requires a verified profile in order to get started on the platform. You’ll require a document for proof of residence, a valid form of identification, as well as a selfie holding your identification to confirm validity. Plus500 is a great option for those in the UK and Australia as it offers access to CFD trading and also provides an intuitive platform where users can manoeuvre between funding, markets, and portfolio positions all on the same trading portal interface.
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Hello Esther. That is definitely a difficult question to answer. The thing is that profits depend on a variety of factors. First of all, they depend on how much you invest. The more money you invest the larger are the potential returns but also the bigger are the risks of losing funds. It also depends on how much you diversify, investing all of your money in one cryptocurrency is never a good idea because if that investment goes wrong, you will lose all of your funds, whereas if you invest in several assets, you might lose a couple of them and win the rest. What I can tell you for certain though, is that some people became millionaires trading bitcoin so there actually is no limit to how much you can make. I hope that helps.
Want to trade Bitcoin but not sure where or how to start? Our full bitcoin trading guide below will explain everything you need to know about how to get started such as how to select a trading platform, deposit and place your trade, as well as essential terminology, tips and strategies you should be aware of before you start trading. By the end of this guide, you will be able to trade bitcoin with confidence.
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Even though cryptos have been around for quite some time now, the world of cryptocurrencies is still a mystery to many people. Every day there are new analysis, statistical info and even new coins that enter the community and the market. It is no easy feat, but if you do decide to follow through and try one of these methods to make money with cryptocurrencies (or, more specifically, Bitcoin), I wish you the best of luck!
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